Price for Fertilizers; Mineral or Chemical, Nitrogenous in Pakistan - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Pakistan (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Pakistan (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Pakistan
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Pakistan
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Pakistan (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $640 per ton in February 2023, rising by 27% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 82% against the previous month. Over the period under review, average import prices attained the maximum at $743 per ton in April 2022; however, from May 2022 to February 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,005 per ton), while the price for Madagascar ($182 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by South Korea (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Pakistan (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $183 per ton in 2022, rising by 9.8% against the previous year. Overall, the export price, however, showed a abrupt decrease. The export price peaked at $1,173 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($206 per ton), while the average price for exports to India stood at $179 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-13.4%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Pakistan
After two years of decline, overseas purchases of fertilizers; mineral or chemical, nitrogenoi increased by 211% to 313K tons in 2022. Over the period under review, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports skyrocketed to $157M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 21.4 | 13.8 | 13.7 | 77.7 | 53.7% |
| Saudi Arabia | 14.9 | 8.1 | 6.7 | 32.2 | 29.3% |
| China | 9.5 | 4.9 | 3.4 | 18.5 | 24.9% |
| Oman | 11.7 | 3.3 | 2.7 | 12.9 | 3.3% |
| United States | 2.9 | 1.5 | 1.1 | 4.9 | 19.1% |
| Qatar | 1.9 | 0.3 | 0.9 | 4.2 | 30.3% |
| Others | 2.3 | 1.5 | 1.4 | 6.8 | 43.5% |
| Total | 64.5 | 33.3 | 30.0 | 157 | 34.5% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Pakistan in 2022:
- Kuwait (86.0K tons)
- Saudi Arabia (68.7K tons)
- China (63.5K tons)
- Oman (34.8K tons)
- Qatar (34.5K tons)
- United States (8.8K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Pakistan
In 2022, overseas shipments of fertilizers; mineral or chemical, nitrogenoi decreased by -8.3% to 808 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 20% against the previous year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports reached $148K in 2022. Over the period under review, exports showed a relatively flat trend pattern.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 126 | 127 | 125 | 126 | 0.0% |
| Zambia | 22.0 | 22.1 | 21.8 | 22.0 | 0.0% |
| Others | 2.7 | N/A | N/A | N/A | 0% |
| Total | 151 | 149 | 147 | 148 | -0.7% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Pakistan in 2022:
- India (701.1 tons)
- Zambia (106.7 tons)
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